🔥 AAVE Potential Channel Reversal

5 thg 4, 2021

After falling together with Bitcoin, AAVE is currently trading around the lower support of the channel. This trade is based on the idea that AAVE will follow this channel in the near term. Obviously, Bitcoin can't fall too far, else AAVE will fall right through the support. So my advice would be to wait for actual confirmation of the trend, a couple of green bars is enough.

Happy trading!